Review on Ampleforth by Poro Yi
Ampleforth
First, I had to write a comment to make sure I wasn't against it. Ampl is an experimental project like many cryptography projects.
The mechanism tries to set the price of the currency at $ 1 per day. When the price exceeds $ 1, Ampl $ is paid to holders through a method known as positive returns, which increases the price somehow and tries to set the currency's price at $ 1 at a safe rate. Instead, it happens when the $ amp price drops below $ 1. Negative return.
Moreover, this model does not seem to take "human greed" into account. Nothing prevents big investors from making money and damaging the system. This is a project based in part on the trust and sales preferences of other users of the ecosystem.
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Pros
- Safe
- useful
Cons
- None
